Unfortunately, a lot of the great tax deductions require you to be in real estate (and it is a really good side business as well).
To offset my household’s high salary, I went into out-of-state real estate investing, but that is not something I recommend to newbies. Still, the ability to pay very low taxes is appealing.
I assume you are already taking advantage of your employer’s daycare flexible spending account? That will at least help you defray the cost of daycare (my daycare cost was $10,000 last year, haha).
